Retiree says he cannot get a retail credit card with a score of up to 850 — MarketWatch

A retiree who stopped working eight months ago said he cannot obtain a retail credit card despite a high credit score and having several sources of income and investments. The situation was described in a MarketWatch column.

Income after retirement

The letter writer said he receives a regular pension under a defined-benefit plan. He also has a Roth IRA, a traditional IRA and other investments. He has not yet started receiving Social Security payments. According to him, his gross pension amounts to about one-third of his former salary, but it is enough to cover daily expenses.

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The retiree uses money from his IRA as needed for home repairs, travel and other larger expenses. He also noted that his home is fully paid off.

Credit score

According to the letter writer, his credit score ranges from 825 to 850 points depending on the source of the assessment. He called the situation unfair and said that he has sufficient funds, a high credit score and no housing debt.